First Solar Inc (FSLR) up 13.75% since start of the year

First Solar Inc (NASDAQ: FSLR) is 13.75% higher on its value in year-to-date trading and has touched a low of $129.21 and a high of $232.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSLR stock was last observed hovering at around $170.04 in the last trading session, with the day’s gains setting it 0.35% off its average median price target of $228.50 for the next 12 months. It is also 47.73% off the consensus price target high of $326.00 offered by 30 analysts, but current levels are -0.23% lower than the price target low of $170.00 for the same period.

Currently trading at $170.39, the stock is 9.22% and 12.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.27 million and changing 0.21% at the moment leaves the stock -6.27% off its SMA200. FSLR registered 5.14% gain for a year compared to 6-month loss of -4.57%. The firm has a 50-day simple moving average (SMA 50) of $5.35 and a 200-day simple moving average (SMA200) of $21.00.

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The stock witnessed a 6.68% gain in the last 1 month and extending the period to 3 months gives it a 3.68%, and is 1.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.36% over the week and 4.82% over the month.

First Solar Inc (FSLR) has around 5500 employees, a market worth around $18.20B and $3.16B in sales. Current P/E ratio is 38.61 and Fwd P/E is 13.02. Profit margin for the company is 14.99%. Distance from 52-week low is 31.87% and -26.56% from its 52-week high. The company has generated returns on investments over the last 12 months (6.97%).

First Solar Inc (FSLR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for First Solar Inc (FSLR) is a “Buy”. 30 analysts offering their recommendations for the stock have an average rating of 1.47, where 5 rate it as a Hold and 4 think it is a “Overweight”. 21 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

First Solar Inc is expected to release its quarterly report on 02/22/2024.The EPS is expected to grow by 1990.21% this year.

First Solar Inc (FSLR) Top Institutional Holders

The shares outstanding are 106.61M, and float is at 100.11M with Short Float at 4.17%.

First Solar Inc (FSLR) Insider Activity

A total of 66 insider transactions have happened at First Solar Inc (FSLR) in the last six months, with sales accounting for 43 and purchases happening 23 times. The most recent transaction is an insider sale by ANTOUN GEORGES,the company’sChief Commercial Officer. SEC filings show that ANTOUN GEORGES sold 2,400 shares of the company’s common stock on Dec 19 at a price of $176.02 per share for a total of $0.42 million. Following the sale, the insider now owns 42041.0 shares.

First Solar Inc disclosed in a document filed with the SEC on Dec 01 that ANTOUN GEORGES (Chief Commercial Officer) sold a total of 2,400 shares of the company’s common stock. The trade occurred on Dec 01 and was made at $158.00 per share for $0.38 million. Following the transaction, the insider now directly holds 44441.0 shares of the FSLR stock.

Still, SEC filings show that on Oct 30, Verma Kuntal Kumar (Chief Manufacturing Officer) disposed off 1,621 shares at an average price of $144.16 for $0.23 million. The insider now directly holds 1,621 shares of First Solar Inc (FSLR).

First Solar Inc (FSLR): Who are the competitors?

The company’s main competitors (and peers) include Sienna Resources Inc. (SIE) that is trading 0.00% down over the past 12 months.